Marco Santarelli

MAY 24, 2025

The average interest rate on a 30-year fixed-rate mortgage has climbed to 7.15% , marking the highest point we've seen in over a year, specifically since May 2, 2024. The 7.15% average for a 30-year fixed-rate mortgage for new purchases represents a 4 basis point increase just from yesterday.

Mortgages

Marco Santarelli

JULY 2, 2025

Okay, here's the lowdown on where to find the most appealing mortgage rates in the U.S. as of July 2, 2025 : If you're shopping for a 30-year fixed rate mortgage for a new home purchase, you might want to focus your search in New York, Massachusetts, Colorado, Connecticut, Florida, New Jersey, California, Texas, and Washington.

Mortgages

Marco Santarelli

JUNE 10, 2025

Over the past year, potential homebuyers and homeowners alike have experienced a rollercoaster ride with rates, driven by Federal Reserve policies, inflation concerns, and shifts in the housing market. As of June 10, 2025, the average rates reflect an industry striving for stability while reacting to ongoing economic signals.

Mortgages

Marco Santarelli

APRIL 7, 2025

The idea behind this is often to help local industries compete by making their products relatively cheaper. Now, here's the crucial part: mortgage rates, especially fixed-rate mortgages that are so popular, tend to follow the trend of these long-term government bond yields.

Mortgages

Norada Real Estate

JUNE 20, 2025

The 30-year fixed-rate mortgages remain popular due to their stability over longer terms, whereas 7-year and 5-year ARMs tend to fluctuate more with market conditions. The Federal Reserve’s decision to maintain interest rates indicates a cautious approach amid global economic pressures.

Mortgages

Marco Santarelli

MAY 2, 2025

Mortgage Rates Drop and Remain Below 7% for 15 Straight Weeks Understanding the Numbers The latest data from the Freddie Mac Primary Mortgage Survey reveals that the average 30-year fixed-rate mortgage is currently hovering around 6.76%. The average 30-year fixed-rate mortgage is currently around 6.76%.

Fixed-rate mortgage

Marco Santarelli

MAY 9, 2025

In areas with higher home prices and consequently larger loan amounts, lenders might adjust their rates based on the perceived risk and the scale of investment. State-Specific Regulations: Each state has its own set of regulations governing the mortgage industry. Work on improving your credit score if necessary.

Mortgages

Marco Santarelli

JULY 8, 2025

For example, a smaller, regional bank might be more aggressive with its rates to gain market share in its local area compared to a national giant. State-Level Regulations: Each state has its own set of rules governing the mortgage industry. National Overview: Where Do We Stand? Alright, enough with the state-by-state breakdown.

Mortgages

Toronto Realty Blog

MAY 22, 2025

Like I said,nerd- like tendencies… But if you have an interest in economics, finance, real estate, or everything in between, surely this is data that piques your interest. Then look at the proportion of people taking a 3-year or 4-year fixed rate mortgage. This number peaked at a whopping 56.1% in only seven months.

Fixed-rate mortgage

Marco Santarelli

APRIL 4, 2025

This yield is a crucial benchmark because it heavily influences the cost of borrowing for things like mortgages, especially the popular 30-year fixed-rate mortgage. To combat inflation, the Federal Reserve might raise interest rates, which in turn pushes mortgage rates higher.

Mortgages

Marco Santarelli

JULY 31, 2025

More competition among lenders usually translates to better rates for borrowers. State-Specific Regulations: States have different regulations impacting the mortgage industry, affecting lenders' costs and risk assessments. Credit Score Averages: States with higher average credit scores might see slightly better rates overall.

Mortgages

HomeLight

JULY 29, 2025

According to the latest data from Mortgage Bankers Association, the national median monthly mortgage payment in the U.S. This figure includes principal and interest based on current loan application data and assumes a 30-year fixed-rate mortgage.

Mortgages

Marco Santarelli

MAY 21, 2025

Adjustable Rates When selecting the right mortgage type, borrowers should weigh the options between fixed-rate and adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages Advantages: Stability: Fixed-rate mortgages, particularly the 30-year option, offer predictable monthly payments.

Mortgages

Marco Santarelli

APRIL 24, 2025

Loan Sizes: The average size of a mortgage can influence rates, as larger loans may carry different risk profiles. State Regulations: Each state has its own set of regulations governing the mortgage industry. These regulations can impact lender costs and, ultimately, the rates they offer to borrowers.

Mortgages

Norada Real Estate

AUGUST 1, 2025

Larger loan sizes might sometimes come with slightly different rates. State Regulations: Each state has its own set of regulations for the mortgage industry. These regulations can impact the cost of doing business for lenders, which can then be reflected in the rates they offer.

Mortgages

Marco Santarelli

MAY 2, 2025

The average amount people are borrowing in a state can affect the rates lenders offer. State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. These regulations can influence the costs for lenders, which they might pass on to borrowers in the form of slightly higher rates.

Mortgages

Marco Santarelli

JUNE 17, 2025

Consider an ARM (Adjustable-Rate Mortgage): If you plan to move in a few years, an ARM might be a good option. These typically have lower initial interest rates than fixed-rate mortgages, but the rate can change over time. Negotiate Fees: Don't be afraid to negotiate lender fees.

Mortgages

Marco Santarelli

MAY 2, 2025

How Mortgage Interest Rates Work The mortgage interest rate represents the cost of borrowing money for your home. Rates can either be fixed or adjustable , each having distinct impacts on your payments over time. However, uncertainties surrounding tariffs and their impacts complicate predictions.

Mortgages

Marco Santarelli

JUNE 26, 2025

A state with more competition between lenders might see slightly lower rates as they jostle for your business. State-Specific Regulations: Each state has its own set of regulations governing the mortgage industry, which can impact lender costs and, ultimately, the rates they offer.

Mortgages

Marco Santarelli

JUNE 10, 2025

California (6.91%): Despite its high home prices, California's large market often sees competitive rates. Connecticut (6.93%): With a relatively stable housing market, Connecticut can offer attractive mortgage rates. Check your credit report and take steps to improve your score before applying for a mortgage.

Mortgages

Marco Santarelli

APRIL 5, 2025

Mortgage rates, particularly for 30-year fixed-rate mortgages, often follow the trend of these Treasury yields. So, as tariffs and trade concerns create economic uncertainty, pushing investors towards bonds, we often see a corresponding decrease in mortgage rates.

Mortgages

Marco Santarelli

APRIL 10, 2025

Current Mortgage Rates as of April 10, 2025: Mortgage Type Average Rate Today 30-Year Fixed 6.85% 20-Year Fixed 6.61% 15-Year Fixed 6.21% 7/1 Arm 7.55% 5/1 Arm 7.31% 30-Year FHA 5.95% 30-Year VA 6.45% (Source:Zillow) These rates have climbed from around 6.45% in March, highlighting a considerable shift in the mortgage landscape.

Fixed-rate mortgage

Marco Santarelli

MAY 22, 2025

Average Loan Size: The size of the average mortgage loan can also impact rates. State Regulations: Each state has its own set of regulations governing the mortgage industry. These rules can affect lender costs and, subsequently, the rates they offer. Shop Around: Don't just settle for the first rate you're offered.

Mortgages

Marco Santarelli

MARCH 6, 2025

Decoding Mortgage Jargon: What Does It All Mean? Let's be real, the mortgage world is full of confusing terms. Let me break down some of the most important ones: Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term. Predictability is the name of the game here!

Mortgages

Marco Santarelli

JULY 10, 2025

Average Loan Size: Believe it or not, the average loan size in a state can also impact rates. State Regulations: Each state has its own set of regulations governing the mortgage industry, which can indirectly affect rates. Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term.

Mortgages

Marco Santarelli

JULY 30, 2025

This overall steadiness occurs amid Federal Reserve signals to keep interest rates steady this summer, although small shifts in adjustable-rate mortgages (ARMs) and government loans have been noted. 15-year fixed mortgage rate: Up marginally to 5.90% for purchases; refinance 15-year fixed slightly down to 5.92%.

Mortgages

Marco Santarelli

MARCH 10, 2025

Understanding Adjustable-Rate Mortgages (ARMs) As the market evolves, many homeowners are exploring various mortgage types, including adjustable-rate mortgages (ARMs).

Debt-to-income ratio

Marco Santarelli

FEBRUARY 8, 2025

A low unemployment rate generally indicates a strong labor market, which can fuel consumer spending and economic growth. The January jobs report also breaks down job growth by industry sector. The real estate industry has been facing headwinds due to higher interest rates and affordability challenges.

Mortgages

Housing Wire

OCTOBER 12, 2023

To that end, the CHLA, NAR and ICBA urged that the Federal Reserve shift its policy to maintain its stock of mortgage-backed securities (MBS) and suspend runoff until liquidity and the spread between the 30-year fixed rate mortgages and 10-year Treasury stabilizes.

Fixed-rate mortgage

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” I think, as a whole, the industry is reacting pretty favorably to this.

Development

Housing Wire

AUGUST 15, 2024

The secondary mortgage market provides billions of dollars in overall funding, making more credit available to borrowers nationwide to promote stable housing financing. John Stocchetti is the EVP and Mortgage Partnership Finance Program Group Head at Federal Home Loan Bank of Chicago.

Industrial

Housing Wire

DECEMBER 28, 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage

Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. And the 15-year rate fell to a record low last seen in 1990. from 64.9%

Fixed-rate mortgage

Housing Wire

MARCH 24, 2023

The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 2022.

Fixed-rate mortgage

Housing Wire

AUGUST 12, 2021

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines.

Fixed-rate mortgage

Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”.

Bankruptcy

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.99%.

Fixed-rate mortgage